IDFC shares fall after FII holding limit reduced

Shares in infrastructure finance company IDFC fell after the company said said that the ceiling limit in respect of overall foreign shareholding in the company's shares has been reduced to 54 per cent from the 74 per cent earlier.

"IDFC Ltd has informed that the ceiling Limit in respect of all the FIIs, FDI, NRIs, OCBs and Foreign Nationals have now been reduced from 74% to 54%," a notice on BSE website reads.

Shares in IDFC were last traded at Rs 95.40, down 8 per cent over Friday's close.

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